Affordable housing group ‘offers’ murder scene dwelling
The dream of an Iraqi family to move into a larger city-subsidized home - since living in Canada from 2001 - has turned out to be a horrific nightmare.
Broker pushes annual ‘mortgage checkup’ for homebuyers
For a mortgage broker of Beyer Mortgage Services, 2015 is the perfect opportunity to perform a “mortgage check-up”.
Experts belittle rate cut impact
The surprise interest rate cut by the Bank of Canada (BOC) last week was received with mixed reactions from different sectors, including many experts who think little impact will come out of the reduction.
People with disabilities may be evicted, says NGO
An Edmonton non-profit group has slammed the provincial housing safety standards, arguing that people with disabilities may be evicted – a possible, ironic effect of the dwelling rules set to protect them as renters.
Oliver won’t force banks to follow BOC rate cut
Despite the surprise 0.75% rate drop last week, Canadian Finance Minister Joe Oliver said he has no plans to influence the country's banks to follow the Bank of Canada (BOC).
Altus study reveals Canadian rental property rate
A new study by the Altus Group reveals that Canadian households with over $100,000 incomes have a rental property ownership rate of 10%.
Bank rates still steady amid BOC cuts
The Bank of Canada may have surprised the mortgage sector with its pullback of already-low interest rates, but consumers haven’t felt the savings yet.
Condo and housing sales see wider gap across GTA
A new review has revealed the widest gap between Toronto-area condos and low-rise homes ever recorded, at $251,337 in 2014.
BOC announces historic interest rate cut
The Bank of Canada dropped a surprise interest rate cut on Wednesday from 1% to 0.75%, the latest move since September 2010.
Shadow lenders growing in population
The number of mortgage brokers and non-bank lenders operating outside of Bank of Canada’s reach is increasing, including the likes of cash-for-jewelery dealer Harold Gerstel of Toronto.